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Keenan Group#1 Austin Board of Realtors Team 2024

$1,875,000

5Beds
3.5Baths
3,641Sq Ft
3.97 acresLot

2203 Improver Rd, Spicewood, TX 78669

Reduced 5%$1,980,000
Spicewood·MLS# 5766238·Built 2017·113 days on market

5 bed, 3 bath, 3,641 sqft on 3.97 acres in Spicewood. Spicewood, TX 78669. $1,875,000. Lake Travis ISD.

About This Home

Nearly 4 private acres on the Pedernales River arm of Lake Travis, inside the gated equestrian community of Paleface Ranch in Spicewood, TX. Panoramic lake views greet you from multiple vantage points across this elevated, tree-lined property, and the community boat ramp puts open water within minutes for boating, jet skiing, and paddleboarding. Wildlife, mature trees, and Hill Country air define daily life here. This is waterfront acreage living at its most complete.

The 3,641 sq ft two-story home, has been comprehensively updated throughout with upgraded flooring, cabinetry, appliances, electrical, light fixtures, ceiling fans, and washer, dryer, and refrigerator. Every room reflects a current, finished condition with large windows and sliding doors that pull those lake and Hill Country views directly inside.

The open-concept main level connects the living area, dining, and kitchen without interruption. The kitchen features a large island with an integrated sink, stainless appliances, and granite counters. A dedicated home office with vaulted ceilings and hardwood floors sits apart from the main living areas. The primary suite includes a freestanding soaking tub, dual vanities, and a walk-in shower. A half bath with vessel sink and granite counters serves the main level. Five bedrooms and 3.5 baths total across two levels with two separate living areas.

Outside, two covered patios, including one with a wood-paneled ceiling, anchor the outdoor living areas. A stone patio, tiered deck, hot tub, and fire pit complete the exterior for year-round entertaining. A large metal-sided barn and storage facility adds working ranch utility. The long driveway winds through mature trees to a grand wooden entry archway.

Paleface Ranch is served by Lake Travis ISD, approximately 15 minutes to Hill Country Galleria, and under an hour to downtown Austin via Highway 71. Harbors a diverse range of wildlife

Property Type
Residential
Year Built
2017
Lot Size
3.97 acres
Price / Sq Ft
$515
HOA
$800/year
Garage
2 spaces

Listing information last updated October 5, 2026.

Listed by Keller Williams - Lake Travis

MLS# 5766238 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

2-car garage with additional parking capacity
Generous 3.97-acre lot
Built-in Features
Ceiling Fan(s)
Beamed Ceilings
Ceiling-High

Facts & Features

Interior

Features

  • Built-in Features
  • Ceiling Fan(s)
  • Beamed Ceilings
  • Ceiling-High
  • Ceiling-Vaulted
  • Granite Counters
  • Crown Molding
  • Double Vanity
  • In-Law Floorplan
  • Interior Steps
  • Kitchen Island
  • Multiple Living Areas
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Walk-In Closet(s)
  • Wired for Sound

Appliances

  • Built-In Oven(s)
  • Cooktop
  • Dishwasher
  • Disposal
  • Gas Cooktop
  • Microwave
  • Oven
  • Double Oven
  • RNGHD
  • Refrigerator
  • Self Cleaning Oven
  • Stainless Steel Appliance(s)
  • Water Softener Owned

Flooring

  • Carpet
  • Tile
  • Wood
Heating
Central,Fireplace(s)
Cooling
Ceiling Fan(s),Central Air
Fireplaces
1
Exterior & Lot

Features

  • Boat Ramp
  • Private Yard
  • RV Hookup

Construction

  • Frame
  • Masonry – Partial
  • Board & Batten Siding
  • Stone
  • Stone Veneer

Lot Features

  • Cul-De-Sac
  • Native Plants
  • Near Golf Course
  • Sprinkler - Automatic
  • Trees-Large (Over 40 Ft)
  • Trees-Medium (20 Ft - 40 Ft)
  • Trees-Small (Under 20 Ft)
  • Views

Fencing

  • Back Yard
  • Fenced
  • Livestock
  • Wire
  • Wood

Foundation

  • Slab

Patio / Porch

  • Covered
  • Deck
  • Patio
  • Porch
Roof
Metal
Lot Size
3.97 Acres

Parking

  • Attached
  • Boat
  • Circular Driveway
  • Driveway
  • Garage
  • Garage Door Opener
  • Garage Faces Side
  • Gravel
  • RV Carport
  • Storage
Garage Spaces
2

Waterfront

  • River Front
  • Waterfront
Financial
HOA Fee
$800 / year
Original List Price
$1,980,000
Price per Sq Ft
$515
Utilities
  • Electricity Available
  • Propane
  • Water Connected
Water Source
Well
Sewer
Septic Tank

Transaction History

4 records on file

Every recorded listing, sale, and lease at 2203 Improver RD, whoever represented it.

  1. ActiveListed 2026
    Current price: $1,875,000Original list: $1,980,000MLS 5766238
    1. Listed · July 1, 2026$1,980,000
    2. Price changed · August 4, 2026$1,975,000
    3. Price changed · October 5, 2026$1,875,000
  2. SoldMarch 16, 2006
    Listed at: $340,000MLS 745340
  3. ExpiredListed date not recorded
    Current price: $250,000Original list: $250,000MLS 5812427
  4. WithdrawnListed date not recorded
    Current price: $245,000Original list: $245,000MLS 5420244

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

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Price & Listing History

Price Change with current price, original ask, and market time.

View Timeline
Current list
$1,875,000
Original list
$1,980,000
Price movement
$105K reduction
Listed / DOM
Jul 1, 2026 · 113 days

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$2,010,699
Assessment Year
2025
Year Built
2016
Parcel ID
000000374124
$2.0M
$989K
$988,869
2022
$1,559,220
+57.7% from prev
2023
$1,968,610
+26.3% from prev
2024
$2,010,699
+2.1% from prev
2025
YearTaxesTotal AssessmentLandAdditions
2025+2.1%
—$2,010,699——
2024+26.3%
—$1,968,610$615,250$897,680
2023+57.7%
—$1,559,220$192,600$1,776,010
2022
—$988,869$192,600$1,366,620
5-Year Change103.3%

Virtual Tour

Virtual tour of 2203 Improver Rd
Map showing 2203 Improver RD
2203 Improver RD
Directions

Zoned Schools & District Context

Lake Travis ISD →

1 High School1 Middle School1 Elementary School

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.

20% ($375K)

Adjustable assumption - not a lending recommendation.

$1,875,000

Loan: $1.5M
Mortgage rate%
Payoff: ~2056
No mortgage rate is assumed
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Keenan Market Position

A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.

List price

$1,875,000

Price per sqft

$515/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

113 days

Original to current

$105K reduction

$2M original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.

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Frequently Asked Questions

How much is 2203 Improver Rd?

2203 Improver Rd is listed at $1,875,000 with 5 bedrooms, 3 full, 1 half bathrooms, 3,641 square feet, 3.97-acre lot. This places it above the ZIP 78669 single-family closed-sale median price of $695,000 (ZIP 78669 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 21, 2026).

What school district is 2203 Improver Rd in?

2203 Improver Rd is zoned for Lake Travis ISD with assigned schools: West Cypress Hills (elementary), Lake Travis (middle), Lake Travis (high). School assignments should be verified directly with the district.

What are the property details for 2203 Improver Rd?

2203 Improver Rd is a Residential built in 2017 featuring 5 bedrooms, 3 full, 1 half bathrooms, 3,641 square feet, 3.97-acre lot.

What are the property taxes for 2203 Improver Rd?

The most recent annual property tax for 2203 Improver Rd is $36,158. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 2203 Improver Rd?

This page does not assume a mortgage rate or publish a monthly payment for 2203 Improver Rd. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 2203 Improver Rd compare with other homes in Spicewood?

As of Oct 15, 2026, 2203 Improver Rd is offered at $1,875,000. The current MLS snapshot shows 197 active listings in 78669. Keenan Group has completed 10 verified transactions in 78669 within its 1,000+ completed transactions and $1B+ career volume across Austin.

When was 2203 Improver Rd built?

2203 Improver Rd was built in 2017, making it 9 years old with relatively recent construction.

What is the water access at 2203 Improver Rd?

The MLS listing marks 2203 Improver Rd as waterfront. The reported waterfront feature is River Front, Waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.

What is the community structure at 2203 Improver Rd?

The MLS listing reports HOA or association dues of $800 annual for 2203 Improver Rd. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Spicewood

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

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Last updated: 10/15/2026, 4:07:20 PM

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